,
By using this website you allow us to place cookies on your computer. Please read our Privacy Policy for more details.
Publication Date: August 1999
Publisher: Public Policy Institute of California
Author(s): Michael Dardia; Sherman Luk
Research Area: Economics
Type: Report
Coverage: California
Abstract:
The recession of the early 1990s was one of the severest in California's history. Employment dropped sharply and did not return to pre-recession levels for nearly five years. California's slow recovery prompted many critics to claim that the state had a bad business climate and that we would continue to lose jobs to neighboring state's more friendly to business. In this study, the authors argue that California is simply too large and diverse to have a single, statewide business climate and that analysts and policymakers would be better served to focus on problems at the industry and regional level.